KBRA Releases Rating Report Assigning K1+ to the MTA Transportation Revenue Bond Anticipation Notes, Series 2019E
NEW YORK–(BUSINESS WIRE)–On October 2, 2019 Kroll Bond Rating Agency (KBRA) assigned a Short-Term rating of K1+ to the Metropolitan Transportation Authority (MTA) Transportation Revenue Bond Anticipation Notes, Series 2019E.
Concurrently, KBRA affirmed the long-term rating of AA+ with a Negative Outlook on the MTA’s outstanding transportation revenue bonds. KBRA also affirmed the short-term rating of K1+ on the MTA’s outstanding transportation revenue bond anticipation notes.
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Issuer: Metropolitan Transportation Authority (MTA) |
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Assigned |
Rating(s) |
Outlook |
|
Transportation Revenue Bond Anticipation Notes, Series 2019E (maturing 9/1/2020) |
K1+ |
n/a |
|
Affirmed |
Rating(s) |
Outlook |
|
Transportation Revenue Bonds |
AA+ |
Negative |
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Transportation Revenue Bond Anticipation Notes, Series 2018B Subseries 2018B-1 (maturing 5/15/2020) |
K1+ |
n/a |
|
Transportation Revenue Bond Anticipation Notes, Series 2018B Subseries 2018B-2 (maturing 5/15/2021) |
K1+ |
n/a |
|
Transportation Revenue Bond Anticipation Notes, Series 2018C-1 (maturing 9/1/2020) |
K1+ |
n/a |
|
Transportation Revenue Bond Anticipation Notes, Series 2018C-2 (maturing 9/1/2021) |
K1+ |
n/a |
|
Transportation Revenue Bond Anticipation Notes, Series 2019A (maturing 2/3/2020) |
K1+ |
n/a |
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Transportation Revenue Bond Anticipation Notes, Series 2019B Subseries 2019B-1 (maturing 5/15/2022) |
K1+ |
n/a |
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Transportation Revenue Bond Anticipation Notes, Series 2019B Subseries 2019B-2 (maturing 5/15/2020) |
K1+ |
n/a |
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Transportation Revenue Bond Anticipation Notes, Subseries 2019C (maturing 7/1/2020) |
K1+ |
n/a |
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Transportation Revenue Bond Anticipation Notes, Subseries 2019D (maturing 9/1/2022) |
K1+ |
n/a |
To view the report, click here.
Related Publications:
For mapping of the long-term rating to the short-term rating, please refer to the Short-Term KBRA Rating Scale.
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About KBRA and KBRA Europe
KBRA is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider and is a certified Credit Rating Agency (CRA) by the European Securities and Markets Authority (ESMA). Kroll Bond Rating Agency Europe Limited is registered with ESMA as a CRA.
Contacts
Analytical Contacts:
Alice Cheng, Director
(646) 731-2403
acheng@kbra.com
Cindy Wu, Senior Director
(646) 731-2304
cwu@kbra.com
William Cox, Senior Managing Director
(646) 731-2472
wcox@kbra.com